acfncp3 59 posts msg #90725  Ignore acfncp3 
4/2/2010 8:50:31 PM
I was reading a review of a book by Colby, Robert W., The Encyclopedia of Technical Market Indicators, Second Edition, McGrawHill Publishing, 2003 where he states that on page 52 and 53 he gives the results of an extensive study of all the technical indicators with 100 dollars and found how effective they were. The indicators that I am used to such as rsi stochastic, macd etc gave like a 1.6 to .18 times advantage over buy and hold. The Percentage Hughes AD Oscillator with 8 Parameters was 187 thousand times as effective. I tried to find some information on how this oscillator works but got no where. Has anyone here ever heard of it and if so can it be coded in SF. Or maybe Colby just wants us to buy his book.. It was interesting that all the normal TA indicators we use did so poorly in his results.
Thanks,
Bill


mystiq 650 posts msg #90738  Ignore mystiq 
4/3/2010 1:52:02 AM
http://www.tradingmarkets.com/.site/stocks/commentary/satinterview/1007200546274.cfm

tomm1111 202 posts msg #90764  Ignore tomm1111 
4/4/2010 4:38:26 AM
It certainly is hyperactive as stated in the book. Not sure how this performs since the book was published.
http://books.google.com/books?id=SYWkGQawUgAC&pg=PA74&dq=percent+hughes&cd=2#v=onepage&q=percent%20hughes&f=false

mystiq 650 posts msg #90767  Ignore mystiq 
4/4/2010 5:25:52 AM
.missing his point...the ema(5) crossover is the BEST.

chetron 2,817 posts msg #90769  Ignore chetron modified 
4/4/2010 8:32:02 AM
mystic, you should have been able to write this one, but here you go..... = )

mystiq 650 posts msg #90780  Ignore mystiq modified 
4/4/2010 12:37:03 PM
chetron
modified 4/4/2010 8:32:02 AM
mystic, you should have been able to write this one, but here you go..... = )
you right..thx..just added the "...above ema(5) 1 day ago,..." if i'm not ?mistaken? :)

chetron 2,817 posts msg #90781  Ignore chetron 
4/4/2010 1:03:36 PM
IT ALSO SAID, "EMA(5) CROSS IS THE BEST SIMPLE SYSTEM", NOT THE BEST SYSTEM. HUGHES IS THE BEST COMPLICATED SYSTEM

tomm1111 202 posts msg #90789  Ignore tomm1111 
4/4/2010 8:17:04 PM
Both are effective, but very different. The EMA is based on price and the Hughes is based on breadth. I think looking at different types of indicator can work together in the analysis.
